New partnership to drive Platinum Group Metal green energy technology

The development of renewable green energy continues to attract a lot of attention. Two major precious metals companies are now working together to leverage their expertise in Platinum Group Metals (PGMs) to potentially develop new technology.

Friday, Johnson Matthey (LSE: JMAT), the world's largest fabricator and recycler of PGMs and Sibanye-Stillwater (NYSE: SBSW), a leading international precious metals mining group, announced a strategic partnership to identify and develop solutions to drive decarbonization and more efficient use of critical metals such as PGMs and metals used in battery technology.


The new partnership comes as many analysts note that platinum, palladium, and rhodium are important metals in the push to decarbonize the global economy. These metals are critical components used to reduce harmful emissions from gasoline and diesel-powered engines. Platinum is also being used to develop new green hydrogen-powered technology.


"PGMs, due to their unique properties, play a vital role in low carbon technologies that will enable the path to net zero targets globally. Pgms are at the heart of electrolyser technologies for producing green hydrogen (i.e. hydrogen produced from renewable energy and with no greenhouse gas emissions). Pgms are also a crucial component of fuel cells, facilitating the conversion of hydrogen into electrical energy with no harmful emissions," the companies said in a joint announcement.


The companies added that the two companies' strategic partnership would focus on developing a number of opportunities to drive technological innovation and ensure more sustainable supply chains for customers.


"We are delighted to announce this important partnership with Sibanye-Stillwater to accelerate development of the low carbon technologies and sustainable supply chains needed for a cleaner, heathier world. We are excited to bring together our complementary expertise to help secure a more sustainable future for tomorrow's industry," said Robert MacLeod, chief executive of Johnson Matthey in the statement.


"We are delighted to enter into this world-class partnership which further advances our commitment to creating a greener future, by developing technologies for a better tomorrow, utilising the metals we produce. Fast-tracking green technology and working together to achieve ESG excellence will enable us to continue to improve lives and the environment," said Neal Froneman, CEO of Sibanye-Stillwater.


The partnership also comes at a time when the PGM market is seeing growing demand and falling supply. Earlier this week, Russian mining giant and the world's largest palladium producer Nornickel said it expects platinum group metal production to fall by 710,000 ounces this year.


The growing supply/demand imbalance has been particularly bullish for palladium. Although palladium price is off from Thursday's high, it is still seeing significant gains this week, up 10%; June palladium prices last traded at $2,605.50 an ounce, down 2% on the day.


Comments

Post a Comment

Popular posts from this blog

Chillwell Portable AC

  Chillwell Portable AC Reviews is an insignificant individual air cooler that adequately endeavors to cool its including district in minutes, using evaporative advancement. The little air cooler goes probably as a modified cooling partner for customers and uses low capacity to work. As the pre-summer season moves close, the need and interest for environment control frameworks grows indistinguishably. Regardless, only one out of every odd individual can deal with the expense of the extraordinary force charges that divider mounted constrained air frameworks convey with them. People experience trouble covering their force bills or bearing the singing summer heat. Regardless, people need a basic trip. This compact and sensible constrained air framework is the best response for unendurable summer heat, without placing openings in your pocket. Other than its totally reasonable cost, the Chillwell Portable AC Reviews requires no foundation, uses a low power supply, can go with
Read more

Exipure Diet

  Exipure Reviews - The number of obese people across the world is increasing and it is because of the unhealthy lifestyle and lack of physical activities. As a result, they are struggling with different health conditions which are making them physically and mentally weak. It is extremely important to take necessary steps in addressing the chronic condition of obesity and this is where Exipure comes to their rescue. It is the powerful and natural weight management solution based on a healthy blend of herbs and clinically approved substances. Exipure is the combination of eight powerful nutrients and plants that are clinically approved to aid weight loss without causing side effects. The supplement focuses on enhancing the brown adipose tissues across the body which is responsible for weight loss and as a result, it aids you to lose weight and get slimmer quickly and efficiently. What is Exipure?   Exipure is the weight loss formula designed for people that are struggling
Read more

Gummies For Better Health Result ! Reviews Australia

Image
  Apple Keto Gummies - With the escalation in well-being difficulties in this day and age, obesity has become an increasing health issue among young people. To deal with obesity, individuals need to adhere to strict slimming methods in conjunction with workouts. The Keto diet has become quite prevalent in these modern times, inspiring people to follow a low-carb diet to create a situation of low carbohydrates inside their bodies. The body depends on surplus fat for energy production. What to discern about Apple Keto Gummies? The Apple Keto Gummies are ketogenic and warrant no longer storing fat. This is a weight loss formula that will aid you in ensuring that you are effortlessly cutting the extra calories and fat from the body. The product is made of natural ingredients, and professional nutritionists have guaranteed that you will decrease your weight within weeks. In this evaluation of Apple Keto Gummies , we will have presented you with every necessary detail that per
Read more